by MICHAEL BODEEN | Sep 14, 2020 | Buying a Home, North Scottdale Zip Code Information, North Scottsdale News, Real Estate News, Selling a Home
The North Scottsdale real estate market is killing it! The seven zip codes which comprise North Scottsdale are currently showing a monthly median sales price of $715,000. One month ago, the median sales price was $650,000. This is a median increase of $65,000 in one month! Yes, you heard me correctly, the North Scottsdale median sales price rose $65,000 – 10% – in one month.
Listing inventory in North Scottsdale has plummeted. One year ago, North Scottsdale home inventory was at 1409. This year, there are only 1044 homes currently for sale in North Scottsdale – a 26% drop!
How about North Scottsdale rentals? Rising to record lease prices, North Scottsdale home rental prices just hit $1.45 per square foot (psf) this September. This is .06 cents psf higher since last month and a rise of .17 cents psf in one year – a 13% rental price increase.
by MICHAEL BODEEN | Sep 11, 2020 | North Scottdale Zip Code Information, North Scottsdale News, Real Estate News, Selling a Home
The 85254 zip code is one of North Scottsdale’s great central locations, however there is a not-so-dirty little secret about what’s known as the “magical zip code.” The 85254 zip is not in Scottsdale but is in the City of Phoenix and includes Phoenix city services. And the school district? It’s in the Paradise Valley School District. So why is it called Scottsdale? Mailing only. Talk to the postal service.
All of that doesn’t change what a cool place it is for many who call it home.
It’s also exploding in value, with prices up 22% in one year! The supply of homes for sale has dropped in half from 170 one year ago to 112 this month – a 34% inventory drop.
|
Today |
Last Month |
Last Year |
1 Year Change |
| Active Listings: |
112 |
117 |
170 |
-34% |
| Pending Listings |
40 |
37 |
52 |
-23% |
| Sales Per Month |
84 |
110 |
79 |
+06% |
| Sales Per Year |
854 |
849 |
807 |
+06% |
| Months of Supply |
1.3 |
1.1 |
2.2 |
-41% |
| Appreciation – Median* |
22% |
15% |
11% |
+100% |
| Average Price – Sales** |
$665K |
$606K |
$543K |
+22% |
| Median Price – Sales*** |
$627K |
$593K |
$515K |
+22% |
*Monthly Median
**Monthly Average
***Monthly Median
All Data courtesy of the Cromford Report
Considering Buying or Selling in North Scottsdale or the Northeast Valley. Give Mike a call at 602.689.3100 or send an email to: [email protected].
by JONATHAN BODEEN | Jun 1, 2015 | North Scottdale Zip Code Information, North Scottsdale News, Real Estate News
85254 – Zip Line Report
North Scottsdale zip code 85254, known as “The Magical Zip Code,” is showing that listings have increased compared to last summer but modestly. Pending Sales are up 33% over 2014 and likewise over 2013. Home sales have increased 17% and the median sales price increased 9% compared to 2014.
2015 2014 2013
Active Listings: 308 281 186
Pending Listings: 60 45 44
Sales Per Month: 77 66 104
Sales Per Year: 752 719 966
Median Price: $413k $378k $391k
85255 – Zip Line Report
One of the strongest and most popular North Scottsdale zip codes is 85255 and the recent numbers for these communities suggest it’s remaining so. For example North Scottsdale 85255 currently has 72 pending sales compared to 57 last year, an increase of 26%. Sales have likewise increased. The 2015 median sales price increase over last year is among the strongest in Scottsdale at 26%.
2015 2014 2013
Active Listings: 629 509 371
Pending Listings: 72 57 73
Sales Per Month: 86 74 91
Sales Per Year: 901 896 1045
Median Price: $765k $633k $685k
85258 – Zip Line Report
The Ranches and Lakes of Scottsdale which include McCormick Ranch, Scottsdale and Gainey Ranches, Lake Serena, Mountainviewlake, and the Bay Club is one of Scottsdale’s most attractive communities, especially if you like the colors of green and blue. Like North Scottsdale’s 85255 zip communities 2015 is having a strong sales year as well. With Pending home sales up 25% over last year and a sales increase of close to 10%, these special communities have soared in their median price – now at $601,000 compared with $520,000 in 2014 – an increase of 16%.
2015 2014 2013
Active Listings: 175 146 111
Pending Listings: 24 18 23
Sales Per Month: 42 38 36
Sales Per Year: 367 379 413
Median Price: $601K $520k $480k
85259 – Zip Line Report
Though you won’t hear it called this, the 85259 zip code is really “East” Scottsdale as it
2015 2014 2013
Active Listings: 258 230 157
Pending Listings: 36 33 39
Sales Per Month: 53 38 43
Sales Per Year: 426 425 501
Median Price: 663k $595k $530k
85260 – Zip Line Report
Perhaps North Scottsdale’s most central and (next to 85254) it’s most affordable zip code. The median price is pretty much mirroring August of last year, while sales were exactly the same from last year at 48 for the month.
2015 2014 2013
Active Listings: 222 215 145
Pending Listings: 32 33 37
Sales Per Month: 52 48 48
Sales Per Year: 524 481 579
Median Price: $447k $423k $430k
85262 – Zip Line Report
North Scottsdale’s most expensive and one of its nicest community’s, the median price is up slightly from last year. Pending listings are down slightly.
2015 2014 2013
Active Listings: 522 352 308
Pending Listings: 42 35 40
Sales Per Month: 40 32 42
Sales Per Year: 398 420 467
Median Price: $697k $740k $735k
85266 – Zip Line Report
These very popular and upscale communities which are the North of North Scottsdale, and which is home to the newest zip code being added to Scottsdale, has seen appreciation of almost 20% from one year ago. Pending sales and August sales are down slightly from one year ago.
2015 2014 2013
Active Listings: 274 150 121
Pending Listings: 32 18 20
Sales Per Month: 40 21 25
Sales Per Year: 279 268 374
Median Price: $650k $735k $620k
85253 (Paradise Valley) – Zip Line Report
The Valley’s most upscale, prestigious, and expensive town currently has 274 homes for sales compared to 150 one year ago. That’s interesting because usually when you get that much of an inventory increase, prices tend to go down. Not so in this case. Pending sales are way up (32 vs 18).
The median sales price is currently $1,450,000 – up a whopping 17% from one year ago.
2015 2014 2013
Active Listings: 423 301 258
Pending Listings: 38 19 24
Sales Per Month: 37 22 30
Sales Per Year: 338 352 386
Median Price: $1,450k $1.235k $1.270k
85268 (Fountain Hills) – Zip Line Report
Scottsdale’s most immediate eastern neighbor is accurately named for its mountain slopes and town fountain. For those wanting a small town feel, it doesn’t get much better than here.
2015 2014 2013
Active Listings: 175 236 193
Pending Listings: 24 21 27
Sales Per Month: 42 32 43
Sales Per Year: 367 450 531
Median Price: $601k $369k $375k
85331 (Town of Cave Creek) – Zip Line Report
Cave Creek has done a great job of standing strong in value. The median sales price of $424,000 for August is up 13% from 2013 and pending sales are about the same as last year too.
2015 2014 2013
Active Listings: 366 292 243
Pending Listings: 55 58 59
Sales Per Month: 75 56 61
Sales Per Year: 664 609 697
Median Price: $420k $424k $375k
85377 (Carefree) – Zip Line Report
The delightful and small town of Carefree is almost too small to accurately compare year to year stats. Having stated that, sales are slightly up from August 2014 at 60 – this compared to 115 one year ago. The median sales price brings one word to mind: BARGAIN!
2015 2014 2013
Active Listings: 122 114 92
Pending Listings: 18 6 12
Sales Per Month: 12 6 14
Sales Per Year: 77 87 104
Median Price: $689k $642k $773k
85086 (Anthem – North Phoenix) – Zip Line Report
Welcome to newer homes with beautiful mountain views in an unspoiled north Phoenix environment. These communities are the bargains of the north valley. Prices are affordable and only a 30 minute drive time to Sky Harbor Airport. Inventory is down from last year, pending sales are up dramatically (61%) from one year ago and the median sales price has increased by 8%.
2015 2014 2013
Active Listings: 307 376 281
Pending Listings: 106 66 101
Sales Per Month: 98 96 122
Sales Per Year: 948 936 1273
Median Price: $297k $275k $275k
*With thanks to Michael Orr and the Cromford Report for the Statistics used.
by MICHAEL BODEEN | Nov 1, 2014 | North Scottdale Zip Code Information, North Scottsdale News, Real Estate News
85254 – Zip Line Report
Active and Pending Listings are virtually unchanged from one year ago. Sales are down while the median price has risen 10%.
Currently Last Year Change
Active Listings: 256 vs 257 Down Negligibly
Pending Listings: 38 vs 36 Up Slightly
Sales Per Month: 61 vs 63 Down Slightly
Sales Per Year: 716 vs 932 Down Significantly
Median Price: $425k vs $385k Up Significantly
85255 – Zip Line Report
This premier North Scottsdale zip code is showing active listings up and Pending listings down. Sales increased this last month versus last year, but are down 17% from last year.
Currently Last Year Change
Active Listings: 563 vs 468 Up Significantly
Pending Listings: 46 vs 69 Down Significantly
Sales Per Month: 71 vs 68 Up Slightly
Sales Per Year: 861 vs 1,036 Down Significantly
Median Price: $637k vs $617k Up Slightly
85258 – Zip Line Report
Including the Ranches of McCormick, Scottsdale, and Gainey, listings are down 11% over last year, while the median price is showing an 8% gain over 2014.
Currently Last Year Change
Active Listings: 127 vs 154 Down Significantly
Pending Listings: 13 vs 22 Down Significantly
Sales Per Month: 35 vs 29 Up Slightly
Sales Per Year: 385 vs 410 Down Significantly
Median Price: $500k vs $465k Up Significantly
85259 – Zip Line Report
Listings are up 15% from last year, while Pending listings are the same. Annual sales are lower as well and the median price has dropped 10%.
Currently Last Year Change
Active Listings: 242 vs 211 Up Significantly
Pending Listings: 21 vs 21 No Change
Sales Per Month: 34 vs 41 Down Slightly
Sales Per Year: 409 vs 522 Down Significantly
Median Price: $556k vs $585k Down Slightly
85260 – Zip Line Report
Sales are doing very well this year, and are up 7% over last year. The median price however has dropped 9% from one year ago.
Currently Last Year Change
Active Listings: 199 vs 192 Up Slightly
Pending Listings: 24 vs 29 Down Slightly
Sales Per Month: 47 vs 30 Up Significantly
Sales Per Year: 504 vs 470 Up Significantly
Median Price: $415k vs $457k Down Significantly
85262 – Zip Line Report
North Scottsdale’s most expensive and one of its nicest community’s, the median price is down 24% from last year. Pending listings are down as well.
Currently Last Year Change
Active Listings: 445 vs 402 Up Significantly
Pending Listings: 24 vs 35 Down Significantly
Sales Per Month: 22 vs 32 Down Significantly
Sales Per Year: 405 vs 558 Down Significantly
Median Price: $654k vs $860k Down Significantly
85266 – Zip Line Report
These very popular and upscale communities which are the North of North Scottsdale, and which is home to the newest zip code being added to Scottsdale, has seen appreciation of 8% from one year ago. Pending sales are down slightly and homes sales have dropped significantly from one year ago.
Currently Last Year Change
Active Listings: 201 vs 166 Up Significantly
Pending Listings: 17 vs 27 Down Significantly
Sales Per Month: 20 vs 16 Up Slightly
Sales Per Year: 266 vs 356 Down Significantly
Median Price: $722k vs $668k Up Significantly
85253 (Paradise Valley) – Zip Line Report
The Valley’s most upscale, prestigious, and expensive town currently has 347 homes for sales compared to 299 one year ago – an increase of 16%. Closed and Pending sales in Paradise Valley are off slightly from one year ago.
The median sales price is currently $1,763,000 having jumped significantly, as in 55%! Paradise Valley has recorded the largest median home price gain of any Arizona city.
Currently Last Year Change
Active Listings: 347 vs 299 Up Significantly
Pending Listings: 22 vs 23 Down Negligibly
Sales Per Month: 28 vs 30 Down Negligibly
Sales Per Year: 341 vs 386 Down Significantly
Median Price: $1.763k vs $1.138k Up Significantly
85268 (Fountain Hills) – Zip Line Report
Scottsdale’s most immediate eastern neighbor is accurately named for its mountain slopes and town fountain. For those wanting a small town feel, it doesn’t get much better than here. Listings and Pending listings are up over one year ago. The median price adjusted 3% lower.
Currently Last Year Change
Active Listings: 302 vs 271 Up Significantly
Pending Listings: 26 vs 14 Up Significantly
Sales Per Month: 38 vs 24 Up Significantly
Sales Per Year: 450 vs 514 Down Significantly
Median Price: $402k vs $415k Down Slightly
85331 (Town of Cave Creek) – Zip Line Report
Cave Creek has done a great job of standing strong in value. The median sales price of $461,000 is up 16% from 2013 and pending sales are down slightly from last year.
Currently Last Year Change
Active Listings: 320 vs 290 Up Significantly
Pending Listings: 33 vs 39 Down Slightly
Sales Per Month: 41 vs 56 Down Significantly
Sales Per Year: 604 vs 705 Down Significantly
Median Price: $461k vs $398k Up Significantly
85377 (Carefree) – Zip Line Report
The delightful and small town of Carefree is almost too small to accurately compare year to year stats. Having stated that, sales are way down at 73 this year compared to 110 one year ago. The median sales price increased 23% over one year ago.
Currently Last Year Change
Active Listings: 85 vs 79 Up Slightly
Pending Listings: 7 vs 4 Up
Sales Per Month: 5 vs 7 Down
Sales Per Year: 73 vs 110 Down Significantly
Median Price: $732k vs $595k Up Significantly
85086 (Anthem – North Phoenix) – Zip Line Report
These communities remind me of North Scottsdale back in the mid 90’s – newer homes with beautiful mountain views in an unspoiled northern environment. These are the bargains of the valley. Prices are so affordable and only a 30 minute drive time to Sky Harbor Airport. Prices are virtually unchanged from one year ago, with sales being down 23%.
Currently Last Year Change
Active Listings: 350 vs 344 Up Slightly
Pending Listings: 63 vs 67 Down Slightly
Sales Per Month: 71 vs 64 Up Slightly
Sales Per Year: 932 vs 1210 Down Significantly
Median Price: $273k vs $269k Up Slightly
*With thanks to Michael Orr and the Cromford Report for the Statistics used.
![The Bodeen Zip Line Report – Real Estate Market Update – North Scottsdale Zip Codes and Surrounding Communities]()
by MICHAEL BODEEN | Sep 2, 2014 | North Scottdale Zip Code Information, North Scottsdale News, Real Estate News
85254
Home sales bottomed out in March of this year and have increased since then peaking in July. The magical 85254 zip code real estate market dropped back in July registering 66 sales, compared with 104 from one year ago. The median priced sale in July was $378,000, down from the same month last year.
Currently Last Year
Active Listings: 281 vs 186
Pending Listings: 45 vs 44
Sales Per Month: 66 vs 104
Sales Per Year: 719 vs 966
Median Price: $378k vs $391k
85255
The median sales price in the very popular 85255 Zip Code for August 2014 was $633,000. This is an 8% drop over August of last year and a 1% drop from last month. Sales took an 8% drop from 91 sales last August 2013 to 74 last month – a 19% decrease.
Currently Last Year
Active Listings: 509 vs 371
Pending Listings: 57 vs 73
Sales Per Month: 74 vs 91
Sales Per Year: 896 vs 1045
Median Price: $633k vs $685k
85258
Including The Ranches of McCormick, Scottsdale, and Gainey, listings are up 31% over last year, while the median price is showing an 11% gain over August 2014.
Currently Last Year
Active Listings: 146 vs 111
Pending Listings: 18 vs 23
Sales Per Month: 38 vs 36
Sales Per Year: 379 vs 413
Median Price: $520k vs $480k
85259
Well, if we had an East Scottsdale, it would include the 85259 Zip which extends from 104th Street to Fountain Hills and has a portion of Scottsdale Ranch, south of Shea. These communities, mostly developed in the late 80’s and 90’s are very popular with year-rounders as well as snowbirds. The median price is up 12% from this time last year. Current listings are up 46% from last year – no supply problem here!
Currently vs Last Year
Active Listings: 230 vs 157
Pending Listings: 33 vs 39
Sales Per Month: 38 vs 43
Sales Per Year: 425 vs 501
Median Price: $595k vs $530k
85260
Perhaps North Scottsdale’s most central and (next to 85254) it’s most affordable zip code. The median price is pretty much mirroring August of last year, while sales were exactly the same from last year at 48 for the month.
Currently vs Last Year
Active Listings: 215 vs 145
Pending Listings: 33 vs 37
Sales Per Month: 48 vs 48
Sales Per Year: 481 vs 579
Median Price: $423k vs $430k
85262
North Scottsdale’s most expensive and one of its nicest community’s, the median price is up slightly from last year. Pending listings are down slightly.
Currently vs Last Year
Active Listings: 352 vs 308
Pending Listings: 35 vs 40
Sales Per Month: 32 vs 42
Sales Per Year: 420 vs 467
Median Price: $740k vs $735k
85266
These very popular and upscale communities which are the North of North Scottsdale, and which is home to the newest zip code being added to Scottsdale, has seen appreciation of almost 20% from one year ago. Pending sales and August sales are down slightly from one year ago.
Currently vs Last Year
Active Listings: 150 vs 121
Pending Listings: 18 vs 20
Sales Per Month: 21 vs 25
Sales Per Year: 268 vs 374
Median Price: $735k vs $620k
85253
(Paradise Valley): The Valley’s most upscale, prestigious, and expensive town currently has 301 homes for sales compared to 258 one year ago. Closed and Pending sales in Paradise Valley are off slightly from one year ago.
The median sales price is currently $1,235,000 — virtually unchanged from one year ago.
Currently vs Last Year
Active Listings: 301 vs 258
Pending Listings: 19 vs 24
Sales Per Month: 22 vs 30
Sales Per Year: 352 vs 386
Median Price: $1.235k vs $1.270k
85268
(Fountain Hills): Scottsdale’s most immediate eastern neighbor is accurately named for its mountain slopes and town fountain. For those wanting a small town feel, it doesn’t get much better than here.
Currently vs Last Year
Active Listings: 236 vs 193
Pending Listings: 21 vs 27
Sales Per Month: 32 vs 43
Sales Per Year: 450 vs 531
Median Price: $369k vs $375k
85331
(Town of Cave Creek): Cave Creek has done a great job of standing strong in value. The median sales price of $424,000 for August is up 13% from 2013 and pending sales are about the same as last year too.
Currently vs Last Year
Active Listings: 292 vs 243
Pending Listings: 58 vs 59
Sales Per Month: 56 vs 61
Sales Per Year: 609 vs 697
Median Price: $424k vs $375k
85377
(Carefree) The delightful and small town of Carefree is almost too small to accurately compare year to year stats. Having stated that, sales are way down from August 2013 at 60 – this compared to 115 one year ago. The median sales price brings one word to mind: BARGAIN!
Currently vs Last Year
Active Listings: 74 vs 63
Pending Listings: 4 vs 4
Sales Per Month: 5 vs 7
Sales Per Year: 69 vs 115
Median Price: $537k vs $850k
85086
(Anthem – North Phoenix) These communities remind me of North Scottsdale back in the mid 90’s – newer homes with beautiful mountain views in an unspoiled northern environment. These communities are the bargains of the valley. Prices are so affordable and only a 30 minute drive time to Sky Harbor Airport. Prices are unchanged from one year ago, with sales being down 26%.
Currently vs Last Year
Active Listings: 376 vs 281
Pending Listings: 66 vs 101
Sales Per Month: 96 vs 122
Sales Per Year: 936 vs 1273
Median Price: $275k vs $275k
*With thanks to Michael Orr and the Cromford Report for the Statistics used.
